Joe Biden not being truthful last night. Meme generator.
I don’t know where to begin with the falsehoods from last night. Buy American? Huge wavers if companies think American is more expensive ( 25% ). The plan allows the heads of federal agencies to issue waivers to corporations to work around Buy American requirements if they consider the requirement “inconsistent with the public interest,” or does not meet “satisfactory quality,” or if they believe buying American will increase costs for the projects.
Trump tax cut benefited only the top 1%? Eighty-two percent of American middle-class households received a tax cut and Americans altogether received an average tax cut of $1,260. Ninety percent of Americans saw an increase in take-home pay. The tax cuts raised wage growth by 3.3 percent and helped foster historic lows in unemployment.
Joe on COVID. “Severe cases are down to a level not seen since July of last year.”
The Centers for Disease Control and Prevention’s COVID tracker shows 289 deaths on July 1, 2021. This past Monday the CDC tracker reported 1,985 deaths. Edited.
Joe on Guns. “Repeal the liability shield that makes gun manufacturers the only industry in America that can’t be sued, the only one.” The 2005 Protection of Lawful Commerce in Arms Act, they are not exempt or immune from being sued.
Joe on charging stations. “We’re done talking about infrastructure weeks. We’re now talking about an infrastructure decade. ... We’ll build a national network of 500,000 electric vehicle charging stations.” The bipartisan legislation approved by Congress ended up providing just half of the $15 billion that Biden had envisioned to fulfill a campaign promise of 500,000 charging stations by 2030.
Biden on Intel plants in Ohio. “Up to eight state-of-the-art factories in one place, 10,000 new jobs.” Earlier this year, Intel announced it would open two factories expected to employ 3,000 people. The other 7,000 positions the project is slated to create are temporary construction jobs.
Biden on Inflation. “The pandemic also disrupted the global supply chain ... Look at cars last year. One third of all the inflation was because of automobile sales. There weren’t enough semiconductors to make all the cars that people wanted to buy. And guess what? Prices of automobiles went way up ... And so we have a choice. One way to fight inflation is to drag down wages and make Americans poorer. I think I have a better idea to fight inflation. Lower your costs and not your wages. Folks, that means make more cars and semi conductors in America. More infrastructure and innovation in America. More goods moving faster and cheaper in America ... Instead of relying on foreign supply chains let’s make it in America.”
The truth. Biden also places too much weight on supply chain disruptions from overseas as a factor in the worst inflation in four decades. Although those problems indeed have been a major factor in driving up costs, inflation is increasingly showing up in other areas, such as rents and restaurant meals, that reflect the rapid growth of the economy and wages in the past year and not a global supply bottleneck. Those trends are likely to keep pushing up prices even as supply chains recover.
BIDEN on the infrastructure bill: “The single biggest investment in history was a bipartisan effort.” Biden’s infrastructure bill was big, adding $550 billion in fresh spending on roads, bridges, and broadband Internet over five years. But measured as a proportion of the U.S. economy, it is slightly below the 1.36% of the nation’s gross domestic product that was spent on infrastructure, on average, during the first four years of the New Deal, according to an analysis by the Brookings Institution. It is even further below the roughly 2% spent on infrastructure in the late 1970s and early 1980s.
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Joe Manchin sits with Republicans during State of the Union